To read our full summary of all of the key points and measures, follow this link – SPRING BUDGET 2017 SUMMARY.
Chancellor Philip Hammond’s first, and last, Spring Budget was delivered at a pivotal moment for the UK as it readies itself to begin the process of leaving the EU. The Chancellor will announce a second Budget in the autumn as the Treasury changes to the new financial cycle from 2018. (more…)Read More
Chancellor Philip Hammond delivered his bullish first – and last – spring Budget against the backdrop of Brexit and an economy that continues to confound the commentators with robust growth.
“We are building the foundations of a stronger, fairer, more global Britain,” he told a noisy House of Commons on International Women’s Day – a fact that Mr Hammond alluded to with news that a higher proportion of women are in employment than ever before. (more…)Read More
With updates to matters surrounding payroll coming into play next month, including the national minimum wage increase and the apprenticeship levy, we have created a payroll end of year factsheet to guide you through these changes:Read More
Article written by Greg Mayne, Director of Indirect Tax and VAT
We have had a number of enquiries from clients currently operating the VAT Flat Rate Scheme who are concerned about the imminent changes to the scheme. As a quick reminder the Flat Rate Scheme allows smaller businesses (those with annual turnover of less than £150,000) to pay to HMRC a percentage of their income, rather than the ‘normal’ VAT charged on their supplies – this percentage being lower than the standard rate of VAT (20%).
Andrew Collyer, Matthew Lightfoot, Alex Baker, and Dale King have all excelled at BH since first joining us as trainees. Since qualifying, all four have been successful at managing an extensive portfolio of clients, and been given greater responsibility within the firm.
Given the quality of their work and the level of commitment they have provided to our clients, the partners are proud to formally welcome them all as Associates of the firm.
With an exciting future ahead of them, the four are joining an already impressive group of talented Associates. (more…)
Burgess Hodgson were match sponsors for the Canterbury RFC game against Barnstaple on Saturday 7 January. In an evenly-fought game Canterbury emerged victorious by 38 points to 32, and Man of the Match Barney Howard is pictured receiving his award from Greg Mayne, Associate at Burgess Hodgson.Read More
Each year Burgess Hodgson nominate a charity to benefit from annual staff fundraising efforts.
Staff have really pushed the boundaries in 2016, raising a firm record of £6,909 for local charity Snaap (Special Needs Advisory & Activities Project).
Wishing all our friends, clients and colleagues a very merry Christmas and a happy new year!
Our Christmas opening hours are as follows:
Thursday 22nd December – Business as usual
Friday 23rd December – Closed from 2.15pm
Monday 26th – Thursday 29th December – Closed
Friday 30th December – Business as usual
Monday 2nd January – Closed
From Tuesday 3rd January onward – Business as usual
Article written by our Associate, Fiona Wilkes
As we turn to the final quarter of the 2016/17 tax year, many buy to let landlords are reviewing their affairs due to the restriction of tax relief on loan interest and finance costs being brought in from 6 April 2017.
Any higher rate tax relief on loan interest and finance costs, such as arrangement fees, will be restricted from 6 April 2017, with the restriction being phased in over 3 tax years.
Article by Greg Mayne, our Director of indirect tax and VAT
Many smaller businesses benefit from the simplification and tax advantage that comes with using the VAT Flat Rate Scheme for small businesses. By way of a memory jogger this scheme applies to businesses with a taxable turnover of £150,000 or less, and allows the business to pay to HMRC a percentage of their income rather than the amount of VAT collected from customers. The ‘trade off’ for this is that VAT incurred on expenditure cannot
be recovered unless it is for a single capital asset of more than £2,000. (more…)